Policy

Policy

Canada is an energy surplus county which is aligned with OPEC countries for its Crude petroleum export. Canada has true(p) quantity of gas and petroleum reserve in horse opera Canada. Alberta alone produces about 80% of the total crude cover production (International energy agency). Although Albertas crude and gas dont have whatsoever significant role world market but it has actually important role in trade with other provinces and Continental America. Alberta supplies around 10% of the American oil imports. Albertas economy is therefore heavily dependent upon non renewable gas and oil. Energy form _or_ system of governing of Canada thus plays a vital role in Albertas petroleum industry. The energy policy of Canada was never steady which helps other oil importing provinces and by joining Kyoto Protocol production of oil in Alberta faces certain uncertainty.

Most of the Albertas oil discovery took place in 1950s and 1960s. At that time control over pictorial resource was under provincial government and this gave provincial government of Alberta to control oil fields. The government at that time took had clear up policy. The goal of the policy was to encourage multinational big companies impart produce oil of their own and provincial government be benefited with royalties and this money will be used to develop the province. solely the first oil shock deepend national government to change its policy.



In 1973 for Arab-Israel war OPEC increased the equipment casualty 70% and refused to snitch oil to west. Alberta wanted to exploit the situation and gain as much profit as it can make. But the charge increase of Albertas oil hampered the oil importing provinces, and this made federal official official government freeze oil price. Although world market price was high importing provinces got Albertas oil in cheap with federal involvement.

Again, when Trudeaus government was in serious trade deficit federal government wanted...

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